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Jan 17, 2013
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what happens if we have another deal, a debt ceiling deal or something that is of the same milk? >> i'm sensing both -- i can see both sides of the argument with this. i understand wanting to storm the castle, but get the foot in the door first, but at the same time, people like boehner realize they are dancing on the edge of the cliff here so to speak, in trouble of losing the entire base, ultimately the goal of the admintration. they want to divorce the grassroots base from the plan party, looking two years ahead at midterm and looking at tactical issu and not the overall strategy, but a lot of this, nemo, goes back to the state level as well. who are voters going to elect to represent them in two years? how are voters holding elected officials' feet to the fire in their own state? we have to see more of that. ultimately, that's the pathway to get real change in the house, and that's really the way we're going to be able to enforce the values. neil: overcome the mainstream media, cast full of nuts and crazy and the ocupy wall street guys are the normal guys. the world's upside
what happens if we have another deal, a debt ceiling deal or something that is of the same milk? >> i'm sensing both -- i can see both sides of the argument with this. i understand wanting to storm the castle, but get the foot in the door first, but at the same time, people like boehner realize they are dancing on the edge of the cliff here so to speak, in trouble of losing the entire base, ultimately the goal of the admintration. they want to divorce the grassroots base from the plan...
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Jan 17, 2013
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was in january until we get to march, when we get to the debt ceiling conversation, when these entitlement cuts are on the table. i've said many times that budgets are moral documents. budgets are moral documents. when we get to this kind of debate in march about the entitlement cuts, then we're going to see how good this deal in january allegedly was. but something is wrong economic policy has you teetering on cliffs and bumping up against ceilings. that is no way to run the country or prioritize poverty. the bottom line is, president obama should do, number one, a o major public policy address on the eradication of poverty. he starts out as the committee organizer, speaks eloquently about dr. king, has a bust of dr. king in the white house oval office, will be inaugurated on king's holiday. what are we going to do about pushing our president to give a major public policy address on the eradication of poverty? no. 2, then to call and convened a white house conference on the eradication of poverty by bringing the experts together, creed and national plan that can cut poverty in half in 10
was in january until we get to march, when we get to the debt ceiling conversation, when these entitlement cuts are on the table. i've said many times that budgets are moral documents. budgets are moral documents. when we get to this kind of debate in march about the entitlement cuts, then we're going to see how good this deal in january allegedly was. but something is wrong economic policy has you teetering on cliffs and bumping up against ceilings. that is no way to run the country or...
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Jan 17, 2013
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. >> narrator: the new republicans in congress were threatening to vote against raising the debt ceiling. if congress didn't act by august 2, the federal government would be unable to pay its bills. >> in 2010, when all these republicans were running for congress, many of them avowed tea partiers and the rest of them riding the tea party wave, the subject of the impending debt ceiling came up frequently and virtually all of them campaigned saying... pledging not to raise the debt ceiling. >> narrator: early on, republican freshmen attended orientation sessions. republican strategist frank luntz ran one of them. >> and i asked the question, how many of you are going to vote for the debt ceiling? and only three or four of them raised their hands. and i said, if you vote for the debt ceiling, the people who put you in office are going to knock you out. >> if you vote for the debt ceiling, you're voting for your own death certificate, political death certificate. >> narrator: for his part, the president decided to try something new: personal politics. he figured he could connect to the repub
. >> narrator: the new republicans in congress were threatening to vote against raising the debt ceiling. if congress didn't act by august 2, the federal government would be unable to pay its bills. >> in 2010, when all these republicans were running for congress, many of them avowed tea partiers and the rest of them riding the tea party wave, the subject of the impending debt ceiling came up frequently and virtually all of them campaigned saying... pledging not to raise the debt...
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Jan 17, 2013
01/13
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and so, yes, something like, we'll accept the debt ceiling for as long as you're willing to hold obamacare in abeyance. the president is not going for that. here is what they know, they have to have something on offer, because they got creamed on the tax issue, nothing on offer, no chips in the game. they had extension of tax rates, but they weren't passing anything, sitting around and pounding the table and weren't saying this is what we have. now it's up to john boehner and his team to coax out of this conference, who is very skeptical of him because of the deal he did on the tax rates and they look at him askance and what do you want to do, obamacare, the health care law and other things that might include giving the president a debt ceiling increase until the end of his term if he's willing to agree in big changes in entitlement programs. they've got to come up with something. >> megyn: they have to come up with a game plan. we saw with the fiscal cliff negotiations the end of the year they were divided and boehner couldn't sort of corral his house republicans to be on the same page an
and so, yes, something like, we'll accept the debt ceiling for as long as you're willing to hold obamacare in abeyance. the president is not going for that. here is what they know, they have to have something on offer, because they got creamed on the tax issue, nothing on offer, no chips in the game. they had extension of tax rates, but they weren't passing anything, sitting around and pounding the table and weren't saying this is what we have. now it's up to john boehner and his team to coax...
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Jan 17, 2013
01/13
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adam: before we get to the debt ceiling. california overestimated how much tax revenue they would get from the facebook ipo. the overestimated by $600 million. you can hear jerry brown doing a homer simpson. can you trust governments to get the numbers right? the fight over the debt ceiling is in full force. as democratdemocrats propose a o eliminate it completely and the ratings have come out with two scenarios in which it was downgraded the u.s. credit rating. not good news. some republicans are relishing the debt ceiling does indeed have to be raised. joining us now, ihs chief economist and we appreciate you being here. is this fight we are about to have necessary, and what is going to happen to whether it is the global market, 401(k), what will happen to all of us if congress passes this fight? >> this is not a necessary fight. this situation created by congress which sent the debt ceilinfrom years ago in hopes it would impose some discipline but of course it hasn't because it has been raised and raised and raised and no
adam: before we get to the debt ceiling. california overestimated how much tax revenue they would get from the facebook ipo. the overestimated by $600 million. you can hear jerry brown doing a homer simpson. can you trust governments to get the numbers right? the fight over the debt ceiling is in full force. as democratdemocrats propose a o eliminate it completely and the ratings have come out with two scenarios in which it was downgraded the u.s. credit rating. not good news. some republicans...
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Jan 17, 2013
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you've already seen him step up in a major way with the debt ceiling. he's been clear on what he expects going forward. he was very clear about what he expects for the fiscal cliff negotiations and we've seen him dealing with the sandyhook kind of crisis with signing executive actions. i think the president is going to continue to do that and the republican party is just going to have to compromise. >> maria, theresa and angela, thank you both for your time tonight. >> thank you, reverend. >> coming up, two big birthday surprises. today, from the first lady, you'll want to see what everybody is talking about. >>> but, first, 50 years ago, civil rights activists medgar evers was murdered in mississippi. his widow vowed to carry on his legacy. and on monday, she'll make history at president obama's inauguration. we are honored to have her join us live tonight. she's still the one for you - you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be rea
you've already seen him step up in a major way with the debt ceiling. he's been clear on what he expects going forward. he was very clear about what he expects for the fiscal cliff negotiations and we've seen him dealing with the sandyhook kind of crisis with signing executive actions. i think the president is going to continue to do that and the republican party is just going to have to compromise. >> maria, theresa and angela, thank you both for your time tonight. >> thank you,...
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Jan 17, 2013
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was that deal good for poor people? >> for 30 years, we have not addressed this issue, except for the wonderful work that you and cornel are doing in these wonderful people on the panel. politics has neglected the poor. one could say that there was a war on the poor rather than a war on poverty for much of this period. the united states has by far the most poverty of any of the high- income countries as a share of the population. we have the highest in quality. we have the most entrenched underclass. we have had the biggest increases of any quality by far, and we've had the least political response of any high- income countries, so we are standing out on our own. this has been a 30-year trend of soaring in comes at the top, stagnation in the middle, and falling through the floor on the bottom, and the political system has refused to address this for 30 years. so we have reached a calamitous situation in this country, but the fact of the matter is nothing that was done at the fiscal cliff and what lies ahead most likely
was that deal good for poor people? >> for 30 years, we have not addressed this issue, except for the wonderful work that you and cornel are doing in these wonderful people on the panel. politics has neglected the poor. one could say that there was a war on the poor rather than a war on poverty for much of this period. the united states has by far the most poverty of any of the high- income countries as a share of the population. we have the highest in quality. we have the most entrenched...
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Jan 17, 2013
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some lawmakers have a plan to fix that whole debt ceiling problem for good. plus folks in the deep south dealing with unusuallynter weat. first alert forecasters say get ready for round two. that's coming up as we reach the bottom of the hour and the top of the news. two minutes away. careful, pringles are bursting with flavor. ♪ pringles... bursting with flavor. >> bill: california man got more than he bargained for when he bought an old camera at cluttered antique store. the french stereo scope pick camera from 1901 cost him only $100. it turned out it contained historic photos from the first world war. they show war torn france including the remains of an airplane and men in uniform posing what appears to be a bomb. >> it was incredible to me that developed images were in the camera but now that i think about it, the serendipity of it and the fact that i saw that camera as i first walked in. >> he says he is going to make prints of the images and eventually sell them. i'm bill hemmer in tonight for shepard smith. this is the fox report. some democrats sa
some lawmakers have a plan to fix that whole debt ceiling problem for good. plus folks in the deep south dealing with unusuallynter weat. first alert forecasters say get ready for round two. that's coming up as we reach the bottom of the hour and the top of the news. two minutes away. careful, pringles are bursting with flavor. ♪ pringles... bursting with flavor. >> bill: california man got more than he bargained for when he bought an old camera at cluttered antique store. the french...
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Jan 17, 2013
01/13
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with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. but i didn't come here to talk about any of those important subjects today, because as important as they allr today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score, i owe an incredible debt of gratitude to you at the head table and those of you in the room. i know we don't have you nan hit in this ballroom nor do we in any ballroom, but we all acknowledge that we have to do something. we have to act. and i hope we all agree, there is a need to respond to the carnage on our streets and in our schools. i hope we all agree that mass shootings like the one we witnessed in newtown 34 days ago cannot be continued to be tolerated. that tragedy has affected the public in a way i have never seen before. the image of first graders, not only shot, but riddled wit
with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. but i didn't come here to talk about any of those important subjects today, because as important as they allr today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that...
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Jan 17, 2013
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if you watch what happened on the fiscal cliff, if you watch the way he is handling the debt ceiling, i think he understands that he has a lot of high cards he is going to play those, and the republicans are in some disarray here. tom cole in the house leadership say half the republicans voted against the fiscal cliff deal secretly hoped it passed. we've entered a new kind of framework. guns are a different story. it's going to be tough, maybe impossible to pass all the different stuff the president proposed, and some like the background checks, 90% of americans are for them. nra numbers are for them. one really big thing is happening. the old line that this is about conphysician cat iing people's guns taking guns away from hunters has been opposed because this has been too vivid a tragedy, and the president has been so swift and so clear. >> and anybody who goes back and looks at the heller case, the d.c. gun case, knows that the supreme court has made it very clear this is want about confiscating your guns, but some restrictions on military weapons are quite legal and constitutional
if you watch what happened on the fiscal cliff, if you watch the way he is handling the debt ceiling, i think he understands that he has a lot of high cards he is going to play those, and the republicans are in some disarray here. tom cole in the house leadership say half the republicans voted against the fiscal cliff deal secretly hoped it passed. we've entered a new kind of framework. guns are a different story. it's going to be tough, maybe impossible to pass all the different stuff the...
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Jan 17, 2013
01/13
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everyone i talk to is saying i'll deal with the debt ceiling when i get there. actually, if there was a lot on worry there, we wouldn't be going, budding up against 5 1/2 year lows. clearly, people are not paying as much attention to it right now and now we have the gun thing going on out of washington, d.c. so even the people in washington themselves are putting it almost on the back burner for another few weeks. once a week or so, you get an easy statement out of somebody. but i think overall, the market is trading like the market should off the things that matter to the market. the debt ceiling will be a short lift. >> i word when the average person gets engaged again. i wonder how many individuals at home are saying, hon fee, we own some united healthcare. we've been buying it because of obama care and we know everybody is going to be added somehow to be covered. i just don't see that type of interest to -- it's professionals that are trading the market. it's not -- individuals are still not in. >> i agree with you to a point. >> you say something about appl
everyone i talk to is saying i'll deal with the debt ceiling when i get there. actually, if there was a lot on worry there, we wouldn't be going, budding up against 5 1/2 year lows. clearly, people are not paying as much attention to it right now and now we have the gun thing going on out of washington, d.c. so even the people in washington themselves are putting it almost on the back burner for another few weeks. once a week or so, you get an easy statement out of somebody. but i think...
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Jan 17, 2013
01/13
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to do and needs to do and authorize an increase in the debt ceiling to pay our debts, pay our bills and that's the right way to do it, and, you know, i think that's what will eventually happen, but i don't think that going off in the other direction would be all that helpful. >> hello, chairman, i'm a second year -- [inaudible] >> second question, does the debt ceiling have a practical purpose and could it be eliminated without much consequence. >> does what have? >> the debt ceiling. >> oh, no, it doesn't really have -- symbolic value, i guess, but what -- no other country, i believe, maybe one or two other countries, but i think essentially no other countries in the world have this particular institution, just so everybody understands what it is. the congress appropriates a hundred dollars, tells the government to spend a hundred dollars on whatever, and then it raises $80 in revenue through its tax code. now the math here says, you know, go to the go borrow $20; right? no, congress has a third rule saying 100 minus 80 equals 20. if the congress is approving spending and approving
to do and needs to do and authorize an increase in the debt ceiling to pay our debts, pay our bills and that's the right way to do it, and, you know, i think that's what will eventually happen, but i don't think that going off in the other direction would be all that helpful. >> hello, chairman, i'm a second year -- [inaudible] >> second question, does the debt ceiling have a practical purpose and could it be eliminated without much consequence. >> does what have? >> the...